Roadside assistance startup ReadyAssist has raised $5 million as part of its ongoing Pre-Series A round led by Howen International Fund, SPC.
According to a press release from the company, the funds will be deployed to enhance the service network further to bring in speed and availability through technology across every nook & corner of India.
While ReadyAssist has predominantly worked with large B2B partners, the capital raised will be leveraged to make roadside assistance even more accessible to direct consumers through its B2C subscription model.
Notably, the company plans to build and nurture the EV skill sets in mechanics in 50 cities during the first phase.
Vimal Singh SV, Founder & CEO, ReadyAssist, said, “This funding will definitely help us add wings to our service and ensure that India witnesses uncompromised 24/7 roadside assistance from ReadyAssist across the country in the months and years ahead.”
Vishal Rana, Director, Howen International, said, “We are excited to move this collaboration forward and be the partner that would support ReadyAssist scale across geographies”.
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